Kakao Ranks in Top 1% for 2 Consecutive Years in S&P Corporate Sustainability Assessment

Kakao announced on the 8th that it was selected as the top 1% in the 'Corporate Sustainability Assessment (CSA)' published by the global credit rating agency S&P Global. This marks the second consecutive year Kakao has achieved the top 1% ranking.

S&P Global publishes the annual 'Sustainability Yearbook' based on the results of the Dow Jones Sustainability Indices (DJSI), which evaluate corporate sustainability. Companies with outstanding sustainability are selected by comprehensively considering the previous year's performance in ESG fields, and top companies by industry are classified and announced as Top 1%, 5%, and 10%.

This evaluation was conducted on a total of 62 industry groups and 9,400 companies worldwide. Kakao scored 71 points among 163 companies in the Interactive Media, Services & Home Entertainment (IMS) industry group, which includes major online services, and was selected as the top 1% for two consecutive years. Compared to last year, the score increased, making Kakao the only company in the industry group to be designated as an 'industry mover.'

Among all evaluated companies, 66 companies received the top 1% rating. Six domestic companies were included in this category.

Kakao pursues various activities in ESG fields every year. It sources office electricity from renewable energy to respond to the climate crisis. As the first in the domestic IT industry, Kakao has published a diversity report to spread the value of diversity throughout society. Additionally, Kakao has strengthened the independence of the board and management transparency by appointing an outside director as the chairman of the board.

Yook Sim-na, Head of Kakao’s ESG Business Office, said, "This is the result of our continuous efforts to fulfill the social responsibilities that Kakao can undertake as an IT company," adding, "We will continue to strive to become a sustainable company that pursues environmental and social values."